Centrica PLC (CNA) Downgraded by Royal Bank Of Canada to Sector Performer
Centrica PLC (LON:CNA) was downgraded by investment analysts at Royal Bank Of Canada to a “sector performer” rating in a research note issued to investors on Monday. They currently have a GBX 240 ($3.13) price objective on the integrated energy company’s stock, down from their previous price objective of GBX 250 ($3.26). Royal Bank Of Canada’s target price points to a potential upside of 11.52% from the stock’s previous close.
Several other brokerages also recently issued reports on CNA. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 ($3.00) price objective on shares of Centrica PLC in a research report on Wednesday, July 20th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 210 ($2.74) price objective on shares of Centrica PLC in a research report on Tuesday, August 16th. Macquarie reiterated an “outperform” rating and issued a GBX 280 ($3.65) price objective on shares of Centrica PLC in a research report on Monday, June 13th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 270 ($3.52) price objective on shares of Centrica PLC in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 250 ($3.26) price objective on shares of Centrica PLC in a research report on Wednesday, September 14th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Centrica PLC has an average rating of “Hold” and an average target price of GBX 230.95 ($3.01).
Shares of Centrica PLC (LON:CNA) traded down 1.60% on Monday, reaching GBX 215.18. The company had a trading volume of 30,650,124 shares. Centrica PLC has a one year low of GBX 182.50 and a one year high of GBX 248.39. The firm’s market cap is GBX 11.12 billion. The company has a 50-day moving average price of GBX 230.59 and a 200-day moving average price of GBX 224.71.
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The business also recently announced a dividend, which will be paid on Thursday, November 24th. Investors of record on Thursday, October 13th will be issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date is Thursday, October 13th. This represents a yield of 1.49%.
In related news, insider Ian Meakins bought 891 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of GBX 226 ($2.95) per share, for a total transaction of £2,013.66 ($2,628.46). Also, insider Pusey,Stephen bought 972 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average price of GBX 240 ($3.13) per share, for a total transaction of £2,332.80 ($3,045.03).
About Centrica PLC
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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